Lithium producers are adjusting plans due to cratering prices and uncertain presidential politics. Despite calls for more production of the crucial mineral, some companies have put projects on hold as the federal government attempts to control supply chains and shift towards electric vehicles. The price of lithium has fallen from about $1,000 per ton to about $820 per ton due to anemic demand, bloated supply, and high inventory throughout the lithium supply chain. The upcoming U.S. presidential election also presents uncertainties for federal EV tax credits, potentially delaying or canceling domestic cell production capacities, and impacting global lithium demand-supply balance. Piedmont Lithium has been considering a Department of Energy loan guarantee through the Advanced Technology Vehicles Manufacturing Loan Program to build a lithium project in Gaston County, North Carolina.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
